/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Problem 17 An online store contacts 1000 cu... [FREE SOLUTION] | 91Ó°ÊÓ

91Ó°ÊÓ

An online store contacts 1000 customers from its list of customers who have purchased in the last year. In all, 696 of the 1000 say that they are very satisfied with the store's website. The population in this setting is (a) all customers who have purchased something in the last year- (b) the 1000 customers contacted. (c) the 696 customers who were very satisfied with the store's website.

Short Answer

Expert verified
The population is (a) all customers who have purchased something in the last year.

Step by step solution

01

Understanding the Population Concept

In statistics, the 'population' refers to the entire group about which information is desired. It includes all elements from a set of data.
02

Identify the Groups Mentioned

Let's break down the groups mentioned: (a) All customers who have purchased something in the last year. (b) The 1000 customers contacted by the store. (c) The 696 customers who were very satisfied with the store's website.
03

Analyzing Each Option

(a) represents the full potential group that could be of interest to the study since it includes every single person who made a purchase in the last year. (b) is a subset of that population, used to collect data but not the entire group of interest. (c) is a subset of those contacted and specifically refers to those who provided positive feedback.
04

Determine the Appropriate Population

Considering the definition of a population, (a) is the correct choice because it includes every customer who has purchased in the last year; therefore, it represents the entire group the store is interested in regarding their satisfaction.

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Key Concepts

These are the key concepts you need to understand to accurately answer the question.

Survey Sampling
Survey sampling is an essential concept in understanding how data is collected from a larger population. Imagine a large online store wanting to know how satisfied its customers are.
They can't possibly contact every customer due to constraints like time and resources. Instead, they opt to contact a representative group—this is known as a sample.
  • Sampling helps gain insights into the larger population without needing to survey everyone.
  • A sample should ideally be representative of the entire population to ensure accuracy in results.
In the context of our exercise, the store surveyed 1,000 customers out of potentially thousands more.
This smaller number was meant to represent all customers who've made a purchase in the last year.
If chosen correctly, this sample should provide a trustworthy snapshot of the entire customer's population satisfaction level.
Customer Satisfaction Analysis
Customer satisfaction analysis is crucial for businesses aiming to understand the level of contentment their customers feel about a service or product.
This analysis is often done through surveys, as seen with the online store.
In our exercise, the store aimed to gauge the satisfaction level of its customer base from the past year
  • Out of the 1,000 contacted customers, 696 reported being very satisfied.
  • This feedback is invaluable as it directly highlights areas of success and potential improvement.
Such analysis helps businesses make data-driven decisions to enhance the customer experience.
For a company, knowing that a high percentage of their surveyed customers are satisfied can be an indicator of strong performance in customer service or product quality.
Subset Identification
Subset identification is a key statistical concept that involves recognizing a smaller group within a larger population.
In our example, subset identification was used to distinguish between different groups:
  • The entire customer base from the past year is the broadest population group.
  • The 1,000 surveyed represent a subset chosen for data collection purposes.
  • Among those surveyed, the 696 customers who reported high satisfaction form another subset focused specifically on positive feedback.
This hierarchical arrangement helps in organizing and understanding data.
It allows businesses to make precise observations about smaller, more specific segments within a larger group.
Accurate subset identification is important for businesses to target their strategies effectively depending on customer feedback or other parameters they aim to measure.

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